LILONGWE-(MaraviPost)– There is a sign of relief among community colleges graduates with the assurance from the Technical Entrepreneur Vocation Education Training Authority (TEVETA) that will provide them with work kits and soft loans.
These incentives will help the graduates to kickstart their own with business after the training.
TEVETA Acting Executive Director, Makulumiza Nkhoma, told The Maravi Post that the authority make sure the graduates get the needful support in creating jobs in their communities.
Nkhoma disclosed that TEVETA signed the Memorandum of Understanding (MOU) with Opportunity International Bank of Malawi (OIBM), which is to provide the graduates with soft loans to start small businesses that will create employment.
“We are just working on modalities how best to provide with working kits including tool boxes and soft loans that will help to start various businesses in their communities.
“This will be a starter pack for them to start creating jobs for others. On soft loans, the Authority signed an MOU with OIBM to provide funds for those needing to venture into business upon submission of their business plans. The provision of these incentives, will be done soon after we finalize all logistics,” assured Nkhoma.
Josofat Kachule, who graduated with a certificate in plumbing, commended TEVETA for assuring them of the provision of the incentives, which he said will facilitate the entrepreneurship venture.
President Peter Mutharika on Wednesday presided over the graduation of over six hundred students from the first cohorts of Malawi’s 11 community colleges in various programs on entrepreneurship.
With the remaining 17 community colleges to be completed before 2019, the program was established to train young girls and boys to become self-reliant economically that will boost the country’s economic growth.